Residential Fourplex with
For Sale
$1,395,000
7811 NE 10th Ct, Miami, FL 33138
Four residential units, each with a private patio, included parking, and furnished interiors.
Property Size3,081 SF
Price / SF$452.78
Days on Market198
Property Features for 7811 NE 10th Ct
General Information
Standard status
Active
Size
3,081 SF
Property subtype
Quadruplex
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,300
Building Details
Building Size
3,081 SF
Year Built
1949
Tenancy
Multi
Listing Agency:
Abemar Beltran Real Estate P.A.
Listed By:
Abemar Beltran · License #3141326
(786) 487-1648
Source:
Casacollectiongroup
Added: Apr 7
Changed: Oct 20
Last Checked: Oct 21 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Abemar Beltran Real Estate P.A.
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Investment Insights
Based on property information with market context.
This residential fourplex offers four separate units in a functional layout, with private patios for each unit. The units are being sold furnished, which can simplify immediate occupancy and ongoing operations.
The property is located at 7811 NE 10th Ct in Miami, FL, and is described as being just 10 minutes from beaches and restaurants. The offering includes parking, and the public remarks state there are no rental restrictions.
Overall, this is a four-unit income property with private outdoor space and parking in place for each unit.
The property is located at 7811 NE 10th Ct in Miami, FL, and is described as being just 10 minutes from beaches and restaurants. The offering includes parking, and the public remarks state there are no rental restrictions.
Overall, this is a four-unit income property with private outdoor space and parking in place for each unit.
Key Highlights
- Residential fourplex built in 1949 with 4 residential units
- Each unit has a private patio
- Units are furnished and include parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,791
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,820
$1.2M
Cap Rate 7%
$882,729
$882.7K
Cap Rate 9%
$686,567
$686.6K
Market Conditions
NOI Build-Up for 3,081 SF
Gross rent
$94.3K $30.60/SF
− Vacancy
−$6.0K −$1.95/SF
EGI
$88.3K $28.65/SF
− OpEx
−$26.5K −$8.60/SF
NOI
$61.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,820
Cap Rate 7%
$882,729
Cap Rate 9%
$686,567
Alternative Uses
Best Use
Multifamily LT 5
$882.7K
$772.4K – $1.03M
NOI $61,791 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$813.1K
$711.5K – $948.6K
NOI $56,917 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,579 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units, each with a private patio, included parking, and furnished interiors.
Where is this quadplex located?
The property is located at 7811 NE 10th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Residential fourplex built in 1949 with 4 residential units; Each unit has a private patio; Units are furnished and include parking
